NICO RESOURCES LIMITED — Director's Dealing 2025

Aug 17, 2025

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Nico Resources Limited ABN 80 649 817 425

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Jonathan Shellabear
Date of last notice	5 May 2025

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	14-15 May 2025

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of se	curities held prior	to change		2,900,000 Fully pai	d ordinary shares	h
Jonathan	Shellabear			2,500,000 Performthe following vestin 834,000 will veequal to or excea 5 Day VWAP); 833,000 will veequal to or excea 5 Day VWAP); 833,000 will vesequal to or exceby a 5 Day VWA	ance Rights issued witg conditions-st if the share price iseds $0.75 (calculated by st if the share price iseds $1.00 (calculated by t if the share price iseds is $1.25 (calculatedP).
Class				Fully paid ordinary	shares
Number	acquired			100,000 Ordinary S	hares
Number	disposed			-
Value/CoNote: If cons	nsiderationideration is non-cash, provide details and estimated valuat		ion	Total $10,000.00
No. of securities held after changeJonathan Shellabear				3,000,000 Fully paid ordinary shares2,500,000 Performance Rights issued withthe following vesting conditions- 834,000 will vest if the share price isequal to or exceeds $0.75 (calculated bya 5 Day VWAP); 833,000 will vest if the share price isequal to or exceeds $1.00 (calculated bya 5 Day VWAP); 833,000 will vest if the share price isequal to or exceeds is $1.25 (calculatedby a 5 Day VWAP).

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market purchase 100,000

Part 2 – Change of director’s interests in contracts

Ndi	ote: In the case of a company, interests which come within paragraph (ii) of thesclosed in this part.	definition of “notifiable interest of a director” should be
	Detail of contract	N/A
	Nature of interest	N/A
	Name of registered holder(if issued securities)	N/A
	Date of change	N/A
	No. and class of securities to which interestrelated prior to changeNote: Details are only required for a contract in relation to which the interesthas changed	N/A
	Interest acquired	N/A
	Interest disposed	N/A
	Value/ConsiderationNote: If consideration is non-cash, provide details and an estimatedvaluation	N/A
	Interest after change	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

**art 3– **+Closed period
Were the interests in the securities or contracts	No
detailed above traded during a+closed period where
prior written clearance was required?
If so, was prior written clearance provided to allow
the trade to proceed during this period?
If prior written clearance was provided, on what date
was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011